check it out, page-22

No need to explain anything Fishhead. It seems the other punters on this thread get it so I won't bore them.
I think you underestimate the worth of the gold projects in this company. A market cap of $22M will easily be justified on the basis of a successful BiH BFS.
The iron ore stuff is pure speculation. It is in the middle of nowhere without infrastructure & is magnetite, not haematite. WA is FULL of magnetite! Trillions of tonnes of the stuff. Ask yourself why BHP & RIO have zero exposure to magnetite. Anything that is not DSO is practically worth nothing.
Anyway, a trivial argument might pass the time before the next MXR announcement so bring it on.
By the way, I am one of the OWNERS, as you put it.

Hardrock.